Current Use by Public Records
- Industrial properties
Property Details for 1615 Radio Hill Rd
- Year built
- 1980
- Lot size
- 5.60 lot acres
- Property type
- Industrial properties
- Property subtype
- Manufacturing properties
Description
This fee-simple industrial property, located at 1615 Radio Hill Rd, Boonville, MO 65233, offers a compelling investment opportunity. The 88,000 square foot Class C manufacturing building sits on a 5.6-acre lot and boasts a 10.62% capitalization rate, based on a Net Operating Income (NOI) of $297,500. Currently 100% occupied by Genera, the single tenant lease commenced October 12, 2022, and expires October 11, 2024. The lease includes renewal options with a 3% annual rent bump. The property features two loading docks, 13-15 foot ceiling heights, and ample parking. Built in 1980, the building includes approximately 2,000 square feet of office space, seven drive-in doors, and a 6 MW transformer (9000 amps). The property is strategically located near Interstate 70, equidistant from St. Louis and Kansas City. The asking price is $2,800,000, translating to a price per square foot of $31.82. The landlord is responsible for roof, structure, and major mechanical systems
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Boonville
- County
- Cooper
- State
- Missouri
- Longitude
- -92.7724
- Latitude
- 38.9464
